Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) Sees Significant Increase in Short Interest

Nuveen New York Select Tax-Free Income Portfolio (NYSE:NXN) saw a large growth in short interest in February. As of February 28th, there was short interest totalling 9,000 shares, a growth of 542.9% from the February 13th total of 1,400 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 16,200 shares, the days-to-cover ratio is currently 0.6 days.

Nuveen New York Select Tax-Free Income Portfolio Stock Up 0.0 %

Shares of NXN stock traded up $0.01 during midday trading on Wednesday, reaching $11.75. 9,969 shares of the company were exchanged, compared to its average volume of 12,061. The company’s 50 day moving average price is $11.68 and its two-hundred day moving average price is $11.83. Nuveen New York Select Tax-Free Income Portfolio has a 12 month low of $10.98 and a 12 month high of $12.40.

Nuveen New York Select Tax-Free Income Portfolio Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.042 dividend. This represents a $0.50 annualized dividend and a dividend yield of 4.29%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Stifel Financial Corp boosted its holdings in shares of Nuveen New York Select Tax-Free Income Portfolio by 41.5% during the third quarter. Stifel Financial Corp now owns 21,883 shares of the company’s stock worth $266,000 after purchasing an additional 6,421 shares during the period. Breakwater Capital Group lifted its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 15.3% in the fourth quarter. Breakwater Capital Group now owns 41,133 shares of the company’s stock worth $467,000 after buying an additional 5,470 shares during the last quarter. Wolverine Asset Management LLC lifted its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 27.3% in the fourth quarter. Wolverine Asset Management LLC now owns 45,983 shares of the company’s stock worth $522,000 after buying an additional 9,850 shares during the last quarter. Guggenheim Capital LLC lifted its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 13.3% in the fourth quarter. Guggenheim Capital LLC now owns 55,020 shares of the company’s stock worth $624,000 after buying an additional 6,457 shares during the last quarter. Finally, 1607 Capital Partners LLC lifted its stake in shares of Nuveen New York Select Tax-Free Income Portfolio by 23.7% in the fourth quarter. 1607 Capital Partners LLC now owns 273,085 shares of the company’s stock worth $3,100,000 after buying an additional 52,358 shares during the last quarter.

About Nuveen New York Select Tax-Free Income Portfolio

Nuveen New York Select Tax-Free Income Portfolio is a closed-ended fixed income mutual fund launched by Nuveen Investments Inc The fund is co-managed by Nuveen Fund Advisors LLC and Nuveen Asset Management, LLC. It invests in the fixed income markets of New York. The fund invests in the securities of companies that operate across diversified sectors.